The Dow Jones has begun to recover from a sluggish start this morning, with the market predicting improved June's US consumer sentiment figures.
After a negative start, the Dow has recovered to sit just 4.24 points lower (0.05%) to 8,766.68. Banks and pharmaceuticals dominated the top performing stocks, with Bank of America leading the pack, up 4.1% to $13.50. It was followed by pharma companies Pfizer, Merck & Co and Proctor & Gamble, up 1.37% to $14.85, 0.84% to $26.41 and 0.77% to $52.40 respectively. The sector's performances followed a strong showing from UK pharmaceutical giant GlaxoSmithKline in the FTSE 100 today. London's blue chip index was down 0.47% to 4,441 by around 3.30pm, but Glaxo managed to climb 4,77% to £11...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes